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Dec 29, 2012
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it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major
it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from...
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Dec 29, 2012
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>> yeah, there actually is a pretty good chance because president obama has gotten involved in this a little bit and i think what they are are doing is the fallback plan that they have come upon is to just extend the current deal and level of subsidies or price supports for six or nine months and try to figure out something after that. they don't want to see late january come and people paying $7 a gallon for milk. so that is just not going happen so they will come up with some deal but there are two real problems here. >> greta: let me just stop you there. is that what you point out is that they are not taking care of it, they are not doing their job, just pushing it off for six months which is their m.o., but go ahead. >> two big problems. one is the dysfunctional congress and they can't come to an agreement about some sort of sensible farm followcy and everybody would like to actually fix this antiqueiated expensive subsidy price support system but can't agree on how to do it. there is that problem and kind of the basic insanity of the system where the government is support, the ov
>> yeah, there actually is a pretty good chance because president obama has gotten involved in this a little bit and i think what they are are doing is the fallback plan that they have come upon is to just extend the current deal and level of subsidies or price supports for six or nine months and try to figure out something after that. they don't want to see late january come and people paying $7 a gallon for milk. so that is just not going happen so they will come up with some deal but...
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Dec 24, 2012
12/12
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deal. and republicans on some of the sunday talk shows, like senator john barrasso of wyoming was on "fox news sunday" charging that the president really does want the nation to go off the cliff because then tax less go up. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for, for years. and he gets to blame republicans for it. >> reporter: democrats say that is ridiculous, that the president has been working with republican leaders again and again trying to workout some sort of a deal, both on spending and taxes to avoid the fiscal cliff, and democrat chuck schumer yesterday said the real problem is that republicans won't admit the president won the election and that tax rates are going up. take a listen. >> on taxes, i know it's hard
deal. and republicans on some of the sunday talk shows, like senator john barrasso of wyoming was on "fox news sunday" charging that the president really does want the nation to go off the cliff because then tax less go up. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to...
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Dec 24, 2012
12/12
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i wrote a book about this first four years of barack obama's first term. every single time fiscal issues come up and every single time he had to deal with republicans it has been the exact same routine where the president promises that he is very interested in deficit reduction and very interested in serious spending cuts. none of whichever materialize. but the class warfare rhetoric is always still there. he is always interested in raising taxes to feed his ever-growing and every ravenous beast of the government. here we are again. when i talk about this is no way to run a superpower, what i mean by that, every single time we get to the press miss and every single time our leaders wait until the exact last minute, i mean one thing to wait for it the last minute to buy christmas gifts for tomorrow. i see plenty of people running around new york city trying to buy gifts. another thing for the president and congress to wait until the last minute on fiscal issues that affect every american, gregg and our long-term fiscal health. gregg: are you saying the pres
i wrote a book about this first four years of barack obama's first term. every single time fiscal issues come up and every single time he had to deal with republicans it has been the exact same routine where the president promises that he is very interested in deficit reduction and very interested in serious spending cuts. none of whichever materialize. but the class warfare rhetoric is always still there. he is always interested in raising taxes to feed his ever-growing and every ravenous...
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Dec 27, 2012
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i think they have enormous incentive to deal right now because the poll numbers show that obama's numbers are gaining. democratic numbers are gaining. they're up in the 50s. republicans are down in the 20s and 30s. i think republicans lost the economic debate for now with democrats. i think there is lot of pressure on them to get this deal done soon and then, you know, we will start all over again because there will be a presidential budget in february and we'll be back at the table, negotiating this with the republicans right away. so it is just, should be seen as a little fiscal break or a fiscal, we'll come up with a better analogy but temporary stopgap measure what will then be, we're going to be starting this debate all over again in february. heather: mark, in terms of, you know, who the blame is placed upon and in terms of the public, poll after poll does show that they will blame republicans. is that a matter of messaging from republicans and what can they do, if anything, to change that? what have they done wrong? >> number one of the rasmussen poll today showed 44% would blame r
i think they have enormous incentive to deal right now because the poll numbers show that obama's numbers are gaining. democratic numbers are gaining. they're up in the 50s. republicans are down in the 20s and 30s. i think republicans lost the economic debate for now with democrats. i think there is lot of pressure on them to get this deal done soon and then, you know, we will start all over again because there will be a presidential budget in february and we'll be back at the table,...
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Jan 1, 2013
01/13
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president obama is encouraging them to, quote, pass it without delay, but this is not a done deal, not by any stretch of the imagination. the senate bill would raise taxes for individuals making more than $400,000 a year, $450,000 for couples. those are levels that are higher than what president obama had called for during the presidential campaign and during the heated negotiations. senior white house foreign affairs correspondent wendell goler is live with the latest. does the white house have a sense of what might happen in the house? >> reporter: vice president biden wouldn't predict how the house would vote, in fact, the president and his aides are waiting to see if the house even picks up the vote today. the senate deal, basically, buys the nation a two month extension of the so-called fiscal cliff, but it doesn't contain any spending cuts, and that's a going to make it a tough sell to house republicans. yesterday the president aimed to put some pressure on them in an appearance that showcased middle class americans who'd be hit by a tax hike. mr. obama said he'd have preferred a
president obama is encouraging them to, quote, pass it without delay, but this is not a done deal, not by any stretch of the imagination. the senate bill would raise taxes for individuals making more than $400,000 a year, $450,000 for couples. those are levels that are higher than what president obama had called for during the presidential campaign and during the heated negotiations. senior white house foreign affairs correspondent wendell goler is live with the latest. does the white house...
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Dec 27, 2012
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there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no ind
there is little to no progress reported in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time...
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Dec 28, 2012
12/12
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to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations, jon. what we're expecting when you talk to top officials of both parties the president will offer a scaled back plan, something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to poss
to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations,...
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Dec 25, 2012
12/12
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and to have the world just idly watching die as some people would say -- there is as you know a great deal of concern and even suspicion that syrian government forces may actually resort to using chemical weapons. president obama has warned there would be consequences if bashar al-assad's military conducts such chemical warfare. does that mean the u.s. may possibly consider eve enacting some military option in syria? >> i think what people are looking at is whether the chemical weapons can be secured or destroyed in place. this is very, very dangerous. one could argue that we should have focused on the chemical weapons a longtime allege. the other risk of course is the chemical weapons get outside of syria, fall into the hands of al-qaida or other terrorist and be used worldwide. it was a very dangerous situation. the pope was absolutely right to call attention to it. >> obviously you've talked to a lot of people 0 behind closed doors in terms of what is happening in syria and the entire middle east. what is going on here? why can't something, some resolution be found in this conflict? >>
and to have the world just idly watching die as some people would say -- there is as you know a great deal of concern and even suspicion that syrian government forces may actually resort to using chemical weapons. president obama has warned there would be consequences if bashar al-assad's military conducts such chemical warfare. does that mean the u.s. may possibly consider eve enacting some military option in syria? >> i think what people are looking at is whether the chemical weapons...
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without a deal what happens? >> some kind of deal, the economy continues to grow very slowly. we are doing all this spending to prop up the economy because the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy licy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense an
without a deal what happens? >> some kind of deal, the economy continues to grow very slowly. we are doing all this spending to prop up the economy because the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy licy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this....
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Dec 31, 2012
12/12
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yesterday afternoon, in an exclusive interview, president obama sat down with me in the blue room of the white house. to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when
yesterday afternoon, in an exclusive interview, president obama sat down with me in the blue room of the white house. to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american...
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Dec 31, 2012
12/12
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yesterday afternoon, in an exclusive interview, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when
yesterday afternoon, in an exclusive interview, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american...
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has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are sat so there's something called a debt ceiling so there's so much money so so much money is spent then all of a sudden there's a huge reduction in government spending and this is really staged by the bankers and the corporations because as capitalism is collapsing internationally they are they're setting up and they're trying to get people used to the idea that they have to accept cuts and all the services they depend on and so this is a staged crisis in order to force the people to pay for a process that the banks created or it's not the first time they say that democrats and republicans have squ
has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are...
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Dec 31, 2012
12/12
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senate leaders spent the weekend working on a last-ditch deal and the house comes back for a rare sunday session. president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> great to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is, because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely
senate leaders spent the weekend working on a last-ditch deal and the house comes back for a rare sunday session. president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> great to be here. thank you. >> the obvious question, are we going to go over the fiscal cliff? >> well, i think we'll find out in the next 48 hours what congress will...
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Dec 31, 2012
12/12
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will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, of course, it isn't just the fiscal cliff we're counting down to. it's new year's eve and we want to say happy new year to everyone who is joining us or watching the program here today. earlier, we asked have you made any resolution, trade or otherwise, for 2013. we've got a couple at least. one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually.
will congress and president obama be able to pull together a fiscal cliff deal in time? we'll let you know, when we come back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence....
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Dec 30, 2012
12/12
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the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with corvis communications. guest: thank you for mentioning that. clients of thought there was something going to happen. that has changed. my only question is, what took them so long? the signs have been there all year that a deal at the end of the year would be more difficult. host: while we're talking about what we do, explain what the concord coalition is. guest: we are nonpartisan coalition educating the public about this responsibility and our fiscal challenges. guest: if we go over the cliff, it is not the end of the discussion. it is important that people not lose hope or assume that what happe
the deal they are talking about is identical to the deal president obama talked about the day after the election. the time in between has been wasted. guest: maybe they will be voting on a package academical -- the frustration is in your voice. i had a number of wall street clients. i can tell you from talking to them that there was a qualitative change in their tone and in their attitude about what was happening. host: you work as a financial communications and national director. that is with...
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Dec 29, 2012
12/12
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do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party leaders in the senate, are going to be trying to find a way to get a deal today. we know their staff is talking. we don't expect actually any necessary meetings between those two leaders right away today. we think that their chiefs of staff are going to be on the phone, via e-mail. this reported from our producer, ted barrett. perhaps tonight they'll see if the leaders can sit down and get together something to present to their various caucuses. now as i said, it was silent until yesterday. then we heard many people speaking. again, we heard from preside
do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party...
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Dec 24, 2012
12/12
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christmas. >> merry christmas. >> thanks so much. >>> ahead on "starting point," eight days left to make a deal. does president the obama want to go off the cliff? why some say that's been the plan all along. we will talk to grover nor kwift, president of americans for tax reform top of the hour. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriousl
christmas. >> merry christmas. >> thanks so much. >>> ahead on "starting point," eight days left to make a deal. does president the obama want to go off the cliff? why some say that's been the plan all along. we will talk to grover nor kwift, president of americans for tax reform top of the hour. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data...
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Dec 31, 2012
12/12
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he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexible as possible as we move through the day. i will do my best to keep you updated." that is from the house republican whip. the house stands in recess at the moment. within the last half hour, th
he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally...
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Dec 28, 2012
12/12
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president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here? >> reporter: well, based on the expectations around town, the thought is the president and democrats will lay out an alternative, scaled-down proposal. and there will be discussions about what could be in the details of a proposal they could vote on, in theory, this weekend. the ideal outcome would be all the members agree to the terms of that deal. and then the two senators in the room agree that they can get their parties to bring it to a vote with no one filibustering it. and then on the house side, speaker boehner would agree that he will put it on the house floor for a vote on monday. and the
president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here?...